Alternative to Bankruptcy: Assignments for Benefit of Creditors – New York Law Journal (registration)

Alternative to Bankruptcy: Assignments for Benefit of CreditorsNew York Law Journal (registration)The law of the state where the assignment takes place will dictate whether the matter will be court-supervised, such as New York, or not, as in California where the assignment is not filed at all. The ABC is provided to scheduled creditors regardless …

Puerto Rican voters prized by Democrats, Republicans – ABC NEWS 4

ABC NEWS 4Puerto Rican voters prized by Democrats, RepublicansABC NEWS 4He said he would not support allowing the U.S. Territory to use bankruptcy laws to deal with its staggering $72 billion debt. "The reality is that Puerto Rico's leaders must lead and do the difficult but essential work of cutting spending, reining in …and more »